I’ve just dropped another earnings report video. This one is on $ASML (+0,17%)
$ASML (+0,17%) . ASML just reported Q1 earnings with some solid numbers under the hood but with several misses and several warnings on bookings and China revenue took a hit:
- Revenue: €7.74B (up 46% YoY, down 16% QoQ)
- Gross Margin: 54% (beat expectations)
- Bookings: €3.94B (down 44% QoQ)
- EUV Revenue: +8% QoQ; DUV -39%; China down to 27% of mix (from 49% YoY)
- Dividend Raised +4.9%
💥 What caught my eye is how the long-term valuation is starting to look more reasonable.
- P/E is currently 31.7x
- Historical 10-year average: ~35x
- Fair value based on normalized EPS: ~21x
- Projected EPS growth (2025–2028): 19–27% CAGR per FASTgraphs
If growth holds and geopolitical issues stabilize, this might be a decent long-term opportunity for those willing to ride the volatility. The margin strength is especially encouraging, and they reaffirmed FY guidance despite the noise.
Watch the video here: https://youtu.be/SXh_NzwY0I0
Anyone else thinking this could be a buying window? Or still too rich in the current macro? Curious to hear other long-term investors’ takes.